Story updated at 9:55 a.m. to reflect market activity.
TJX Companies fell -1.2% to $53.38 in morning trading.
The analyst firm also cute its EPS estimates for TJX Companies. For the second quarter the firm expects 72 cents a share, down from 74 cents a share. Analyst Ike Boruchow expects earnings of $3.14 a share in 2014, down from $3.16, and $3.48 a share in 2015, down from $3.58 a share.
"While the off-price model remains stable, channel growth is moderating due to maturation of the industry," Boruchow wrote. "Also, negative traffic trends may bring a need to reinvest margin (from peak levels) back into the business."
Must read: Warren Buffett's 25 Favorite Stocks
Separately, TheStreet Ratings team rates TJX COMPANIES INC as a Buy with a ratings score of A-. TheStreet Ratings Team has this to say about their recommendation:
"We rate TJX COMPANIES INC (TJX) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, growth in earnings per share, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel these strengths outweigh the fact that the company shows low profit margins."